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Charter (CHTR) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Charter Communications (CHTR - Free Report) reported revenue of $13.8 billion, up 1.6% over the same period last year. EPS came in at $8.82, compared to $8.25 in the year-ago quarter.
The reported revenue represents a surprise of +0.69% over the Zacks Consensus Estimate of $13.7 billion. With the consensus EPS estimate being $8.55, the EPS surprise was +3.16%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Charter performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Internet - Total Net Additions/Losses: -110 thousand compared to the -238.63 thousand average estimate based on three analysts.
Video - SMB - Net Additions/Losses: -13 thousand compared to the -11.09 thousand average estimate based on three analysts.
Voice - Total Net Additions/Losses: -288 thousand versus the three-analyst average estimate of -295.7 thousand.
Video - Total Net Additions/Losses: -294 thousand versus the three-analyst average estimate of -374.8 thousand.
Revenues- Residential- Video: $3.74 billion versus the four-analyst average estimate of $3.73 billion. The reported number represents a year-over-year change of -6.7%.
Revenues- Advertising sales: $452 million compared to the $456.73 million average estimate based on four analysts. The reported number represents a change of +17.7% year over year.
Revenues- Commercial- Total: $1.82 billion versus the four-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of +2%.
Revenues- Residential- Mobile service: $801 million versus $776.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +37.9% change.
Revenues- Other: $756 million compared to the $739.72 million average estimate based on four analysts. The reported number represents a change of +11.7% year over year.
Revenues- Residential- Internet: $5.87 billion versus $5.84 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
Revenues- Residential- Voice: $360 million versus the four-analyst average estimate of $346.80 million. The reported number represents a year-over-year change of -5%.
Revenues- Commercial- Enterprise: $723 million versus the three-analyst average estimate of $724.04 million. The reported number represents a year-over-year change of +3.6%.
Shares of Charter have returned +1.6% over the past month versus the Zacks S&P 500 composite's -1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Charter (CHTR) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Charter Communications (CHTR - Free Report) reported revenue of $13.8 billion, up 1.6% over the same period last year. EPS came in at $8.82, compared to $8.25 in the year-ago quarter.
The reported revenue represents a surprise of +0.69% over the Zacks Consensus Estimate of $13.7 billion. With the consensus EPS estimate being $8.55, the EPS surprise was +3.16%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Charter performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Internet - Total Net Additions/Losses: -110 thousand compared to the -238.63 thousand average estimate based on three analysts.
- Video - SMB - Net Additions/Losses: -13 thousand compared to the -11.09 thousand average estimate based on three analysts.
- Voice - Total Net Additions/Losses: -288 thousand versus the three-analyst average estimate of -295.7 thousand.
- Video - Total Net Additions/Losses: -294 thousand versus the three-analyst average estimate of -374.8 thousand.
- Revenues- Residential- Video: $3.74 billion versus the four-analyst average estimate of $3.73 billion. The reported number represents a year-over-year change of -6.7%.
- Revenues- Advertising sales: $452 million compared to the $456.73 million average estimate based on four analysts. The reported number represents a change of +17.7% year over year.
- Revenues- Commercial- Total: $1.82 billion versus the four-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of +2%.
- Revenues- Residential- Mobile service: $801 million versus $776.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +37.9% change.
- Revenues- Other: $756 million compared to the $739.72 million average estimate based on four analysts. The reported number represents a change of +11.7% year over year.
- Revenues- Residential- Internet: $5.87 billion versus $5.84 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
- Revenues- Residential- Voice: $360 million versus the four-analyst average estimate of $346.80 million. The reported number represents a year-over-year change of -5%.
- Revenues- Commercial- Enterprise: $723 million versus the three-analyst average estimate of $724.04 million. The reported number represents a year-over-year change of +3.6%.
View all Key Company Metrics for Charter here>>>Shares of Charter have returned +1.6% over the past month versus the Zacks S&P 500 composite's -1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.